FY2024 Earnings Estimate for Wayfair Issued By William Blair

Wayfair Inc. (NYSE:W) – Equities research analysts at William Blair raised their FY2024 earnings per share estimates for Wayfair in a report released on Wednesday, February 5th. William Blair analyst P. Blee now anticipates that the company will earn ($2.82) per share for the year, up from their prior estimate of ($2.86). The consensus estimate for Wayfair’s current full-year earnings is ($2.91) per share. William Blair also issued estimates for Wayfair’s Q4 2024 earnings at ($0.77) EPS, Q1 2025 earnings at ($0.83) EPS, Q2 2025 earnings at ($0.33) EPS, Q3 2025 earnings at ($0.62) EPS and FY2025 earnings at ($2.24) EPS.

Other equities research analysts have also recently issued reports about the stock. Truist Financial decreased their price objective on shares of Wayfair from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Loop Capital upped their price target on Wayfair from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Needham & Company LLC reissued a “buy” rating and issued a $60.00 price objective on shares of Wayfair in a research note on Friday, November 1st. BMO Capital Markets decreased their target price on Wayfair from $58.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday, November 4th. Finally, Piper Sandler lowered their price target on Wayfair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. Fourteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.24.

Wayfair Stock Performance

Shares of W opened at $47.36 on Friday. The company’s fifty day moving average is $47.33 and its 200-day moving average is $46.84. Wayfair has a 12 month low of $37.35 and a 12 month high of $76.18.

Insider Transactions at Wayfair

In other news, insider Steven Conine sold 30,000 shares of Wayfair stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $42.31, for a total value of $1,269,300.00. Following the completion of the sale, the insider now directly owns 179,073 shares of the company’s stock, valued at approximately $7,576,578.63. This trade represents a 14.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas Netzer sold 1,039 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $50.65, for a total value of $52,625.35. Following the transaction, the chief operating officer now directly owns 171,790 shares in the company, valued at $8,701,163.50. This trade represents a 0.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 164,228 shares of company stock worth $7,709,418. Insiders own 23.50% of the company’s stock.

Institutional Investors Weigh In On Wayfair

A number of institutional investors have recently made changes to their positions in W. Arizona State Retirement System grew its holdings in shares of Wayfair by 2.4% in the 4th quarter. Arizona State Retirement System now owns 26,951 shares of the company’s stock valued at $1,194,000 after buying an additional 624 shares during the period. J.Safra Asset Management Corp lifted its holdings in Wayfair by 71.3% during the fourth quarter. J.Safra Asset Management Corp now owns 586 shares of the company’s stock worth $26,000 after acquiring an additional 244 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Wayfair by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,009,312 shares of the company’s stock valued at $44,733,000 after acquiring an additional 35,057 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Wayfair by 577.0% in the fourth quarter. Jones Financial Companies Lllp now owns 589 shares of the company’s stock worth $26,000 after acquiring an additional 502 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in shares of Wayfair during the fourth quarter worth about $204,000. 89.67% of the stock is owned by institutional investors and hedge funds.

Wayfair Company Profile

Wayfair Inc provides e-commerce business in the United States and internationally. The company offers approximately thirty million products for the home sector. It offers online selections of furniture, décor, housewares, and home improvement products through its sites consisting of Wayfair, Joss & Main, AllModern, Birch Lane, Perigold, and Wayfair Professional.